Arkansas | The Observatory of Economic Complexity

Arkansas

State in undefined

2023
Economic
Complexity 0.15Rank 42 of 52

Nov 2024
Trade
Exports | Imports $615M | $535M39 of 54 | 43 of 54

Nov 2024
Country
Destination | Origin Mexico | China $153M | $98.4M

Image 1

Image by jaygannett
Link: https://flic.kr/p/NNZAfF

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Arkansas. In November 2024 Arkansas was the number 39 in total exports and the number 41 in total imports in N/A.

Exports In 2023, undefined's Arkansas exported $5.88B, making it the 39th largest exporter out of the 53 exporters in undefined. In 2023 the top exports of Arkansas were Other Aircraft parts ($846M), Munitions of war, ammunition/projectiles and parts ($515M), Cotton, not carded or combed ($458M), Fertilised Domestic Eggs ($218M), and Chem wood pulp, soda or sulphate,... ($189M).

Imports In 2023, undefined's Arkansas imported $7.56B, making it the 41st largest importer out of the 53 importers in undefined. In 2023 top imports of Arkansas were Fixed-Wing Aircraft (>15,000 kg Unladen Weight) ($415M), Fixed wing aircraft, unladen weight 2,000-15,000... ($361M), Commodities not specified according to kind ($330M), Diesel road tractors for semi-trailers ($171M), and Electric conductors, nes < 80 volts,... ($130M).

Economic Complexity In 2023, the highest complexity exports of Arkansas according to the product complexity index (PCI) are Cermets (1.58), Tool Plates (1.53), Motor-working Tools (1.37), Organo-Sulfur Compounds (1.2), Rubber Sheets (0.87), Phenol Derivatives (0.86), Iron Railway Products (0.77), Styrene Polymers (0.74), Spring, Air, and Gas Guns (0.67), and Cellulose Fibers Paper (0.48). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

November, 2024

About

Overview In November 2024 Arkansas exported N/A615M and imported N/A535M, resulting in a positive trade balance of N/A80.1M. Between November 2023 and November 2024 the exports of Arkansas have increased by $149M (32%) from N/A466M to N/A615M, while imports decreased by N/A-2.07M (-0.39%) from N/A537M to N/A535M.

Trade In November 2024, the top exports of Arkansas were Aircraft parts (gliders, balloons, and powered... ($136M), Poultry Meat ($33.1M), Other Measuring Instruments ($32.9M), Rice ($31.2M), and Sulfate Chemical Woodpulp ($23.1M). In November 2024 the top imports of Arkansas were Tractors ($31.5M), Planes, Helicopters, and/or Spacecraft ($31.1M), Electric Furnaces ($31M), Explosive Ammunition ($28.3M), and Insulated Wire ($21.1M).

Destinations In November 2024, Arkansas exported mostly to Mexico ($153M), Canada ($120M), France ($54.9M), Brazil ($45.9M), and Switzerland ($37.3M), and imported mostly from China ($98.4M), Canada ($88M), Mexico ($85.7M), France ($41.4M), and Germany ($28.8M).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (November 2023 - November 2024)$149M(32%)

IMPORT GROWTH (November 2023 - November 2024)$-2.07M(-0.39%)

This section shows exports and imports data at subnational level for Arkansas. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Arkansas over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Year

Top Destination (2023)Canada$1.63B

Top Product (2023)Other Aircraft parts $846M

In 2023 the top export destinations of Arkansas were Canada ($1.63B), Mexico ($1.11B), Japan ($394M), China ($346M), and France ($250M).

In 2023 the top exports of Arkansas were Other Aircraft parts ($846M), Munitions of war, ammunition/projectiles and parts ($515M), Cotton, not carded or combed ($458M), Fertilised Domestic Eggs ($218M), and Chem wood pulp, soda or sulphate,... ($189M).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Nov 2023 - Nov 2024)

France $51.9M (1.77k%)

Mexico $48.4M (46.2%)

Brazil $40.8M (800%)

Rapidly Declining Export Origins (Nov 2023 - Nov 2024)

Canada -$56.9M (-32.1%)

Turkey -$3.67M (-50.1%)

Paraguay -$3.59M (-95%)

Subscribe today to OEC pro and access the latest data

Yearly Imports

Color

Trade Value

Growth

Growth (%)

Year

Top Origin (2023)Canada$1.15B

Top Import (2023)Fixed-Wing Aircraft (>15,000 kg Unladen Weight)$415M

In 2023 the top import origins of Arkansas were Canada ($1.15B), Mexico ($913M), China ($890M), France ($876M), and Germany ($486M).

In 2023 the top imports of Arkansas were Fixed-Wing Aircraft (>15,000 kg Unladen Weight) ($415M), Fixed wing aircraft, unladen weight 2,000-15,000... ($361M), Commodities not specified according to kind ($330M), Diesel road tractors for semi-trailers ($171M), and Electric conductors, nes < 80 volts,... ($130M).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Nov 2023 - Nov 2024)

China $25.1M (34.2%)

United Kingdom $17.4M (340%)

Cambodia $13.7M (1.4k%)

Rapidly Declining Import Origins (Nov 2023 - Nov 2024)

France -$33.9M (-45%)

Germany -$10.7M (-27.1%)

Canada -$7.39M (-7.75%)

Subscribe today to OEC pro and access the latest data

Economic Complexity

Economic Complexity of Arkansas

View

Geomap

Treemap

Economic Complexity (2023)0.15

Arkansas ranks 42nd out of the 53 N/A in undefined according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Arkansas already has a comparative advantage, are led by Other Edible Preparations (0.17), Sawn Wood (0.16), Wood Crates (0.16), Alcohol > 80% ABV (0.16), and Corrugated Paper (0.16).

Subscribe today to OEC pro and access the latest data

Most Complex Products by PCI

The highest complexity exports of Arkansas according to the product complexity index (PCI) are Cermets (1.58), Tool Plates (1.53), Motor-working Tools (1.37), Organo-Sulfur Compounds (1.2), Rubber Sheets (0.87), Phenol Derivatives (0.86), Iron Railway Products (0.77), Styrene Polymers (0.74), Spring, Air, and Gas Guns (0.67), and Cellulose Fibers Paper (0.48). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Subscribe today to OEC pro and access the latest data

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Explosive Ammunition (219.50), Eggs (148.53), Phenol Derivatives (95.07), Raw Cotton (83.46), and Rubber Sheets (49.18).

Subscribe today to OEC pro and access the latest data

Product Space

RCA Filter

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Arkansas is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Subscribe today to OEC pro and access the latest data

Relatedness Space

This network shows the products most related to the production structure of Arkansas. These are products that tend to be co-exported with the products that Arkansas exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Subscribe today to OEC pro and access the latest data

Diversification Frontier

Depth

Section

HS2

Filter

All

RCA≤1

RCA>1

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.